Intrastat for Services

[John-London]

Hello,

Have you heard about the new legislation to take place in 2010 and more particularly about the Intrastat for Services ?

If yes, can you tell me more ?

Many thanks in advance

John

[DEBqueen]

Hello,

Definitely, a new Intrastat declaration is to be set up as from 01.01.2010 in order to account for the Services carried out within the EU.

So far, we don't have much information to provide but we know that:

- it will (officially) come into force in France as at 01.01.2010 but it may take several months before everything works properly.

- only service providers will have to lodge this declaration, in other words, Intra-EU purchases of services won't have to be reported

- the format of the declaration will be different from the Intrastat return one.

The elements to be reported will be the seller's VAT number (the service provider), the purchaser's VAT number, the total value of the services carried out for each purchaser (under his VAT number) and the regularization amounts (when credit notes are raised).
Besides, one will have to ensure that the service provided is taxable in the purchaser's member state, otherwise the service won't have to be declared.

It's highly possible that the declaration will have to be lodged on a monthly basis, nevertheless quarterly submissions should be contemplated in some cases.
The deadlines to be observed for the submission are still unknown.

The only common point with the Intrastat return for goods is that the penalties to be applied will be the same.

As you can see, several points remain unchecked, however we are confident of providing you with more details in the coming weeks on the eurotax forum, so stay tuned!

Regards,
DEBqueen.